ProShares unveiled the first U.S.-listed exchange-traded fund (ETF) designed to target the performance of the CoinDesk 20 Index, expanding options for investors seeking broad exposure to crypto markets. The CoinDesk 20 Crypto ETF (KRYP) is the first ETF tied to the benchmark of 20 of the largest and most liquid digital assets, ProShares said in…
The government has planned to manufacture 260 rakes of Vande Bharat Sleeper trainsets as part of efforts to upgrade long-distance rail travel with advanced safety systems and passenger comfort features, according to Union minister Ashwini Vaishnaw in a written reply in the Lok Sabha.The programme will be executed in phases covering prototype development, testing, trials…
NEW DELHI: A Turkish Airlines Airbus A330 (TC-LNH) with about 250 people on board operating from Kathmandu to Istanbul as TK 727 on Wednesday made an emergency landing at Kolkata after an engine fire. The pilots of this flight declared PAN PAN — international urgency signal for a serious situation needing prompt help but not…
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The Reserve Bank’s rate-setting panel began its two-day deliberations on Wednesday, with markets closely watching whether borrowing costs could fall further amid supportive macro conditions and improving sentiment.The six-member Monetary Policy Committee (MPC), headed by RBI Governor Sanjay Malhotra, started discussions on the next set of bi-monthly interest rates against the backdrop of a growth-focused…
TRM Labs, a blockchain analytics startup used by global law enforcement and financial firms, has raised $70 million in a new funding round that pushed its valuation to $1 billion. The Series C round, Fortune reports, was led by Blockchain Capital with participation from Goldman Sachs, Citi Ventures, Bessemer, Thoma Bravo and Brevan Howard. The…
NEW DELHI: The Supreme Court on Wednesday asked the Centre whether there was any possibility of it rethinking or relooking at the detention of climate activist Sonam Wangchuk, saying that “his medical condition is not that good”.The top court also asked the Centre to brief it on the government’s stand on the next date of…
Look to the Caribbean for an unsung bank play that offers a combination of upside potential and income, according to Bank of America. The firm upgraded shares of Puerto Rico-based Popular Inc. on Tuesday, lifting its rating to buy from hold. Analyst Brandon Berman also raised his price target to $156 from $141, implying upside…
MUMBAI: Bajaj Finserv reported consolidated profit after tax of Rs 2,229 crore for the December quarter, flat compared with Rs 2,231 crore a year earlier, as higher provisions and one-time charges offset underlying growth across its businesses. Excluding these exceptional items, consolidated profit after tax rose 32% year-on-year to Rs 2,936 crore .Bajaj Finance, the…
The hype around cryptocurrency companies going public is waning because markets are still viewed as insufficiently large for the traditional finance (TradFi) firms that are taking an increased interest in the industry. Fewer investors feel as confident as they did last year, according to a report from the influential CfC St. Moritz, Switzerland crypto conference,…